Orrstown Financial Services Inc. Makes New $234,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Orrstown Financial Services Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,205 shares of the ride-sharing company's stock, valued at approximately $234,000.

Several other institutional investors have also made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $1,997,000. TigerOak Management L.L.C. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $1,278,000. Finally, Americana Partners LLC increased its holdings in shares of Uber Technologies by 1,408.2% in the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company's stock valued at $4,714,000 after purchasing an additional 72,975 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBER. Bank of America boosted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. KeyCorp boosted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last quarter. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.2%

Shares of UBER traded up $0.14 on Wednesday, reaching $86.53. The company's stock had a trading volume of 12,316,374 shares, compared to its average volume of 20,748,444. The stock has a market capitalization of $180.94 billion, a PE ratio of 18.98, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $80.96 and a 200-day moving average of $73.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.